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Municipal Credit Union (MCU) will hold a Memorial Day Auto Loan Sale from May 19 through June 2, 2014. During the sale period, car loan rates will be as low as 1.45% APR* for newer models (2014-2013) and 2.15% APR for pre-owned models (2012-2010).

New York City, NY (PRWEB)May 22, 2014

Municipal Credit Union (MCU) will hold a Memorial Day Auto Loan Sale from May 19 through June 2, 2014. During the sale period, car loan rates will be as low as 1.45% APR* for newer models (2014-2013) and 2.15% APR for pre-owned models (2012-2010).

Municipal Credit Union is working harder than ever to help its members afford necessary purchases. “We care deeply about our members and their needs,” said MCU Vice President of Loan Operations Ahmed Campbell. “We are cognizant of the fact that hard-working people need to have reliable transportation, and our Memorial Day Auto Loan Sale is one of the many ways in which we strive to help our members improve the quality of their lifestyle without creating a financial burden for them.”

Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of over $2 billion and offers a full range of financial services to over 350,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit union’s large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; certain family members, and qualifying retirees. MCU is an equal opportunity lender and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit http://www.nymcu.org.

APR = Annual Percentage Rate. These rates are available to well-qualified borrowers when payroll deduction or direct deposit is selected as the method of repayment. Some applicants will qualify at higher rates as determined by creditworthiness. For model years 2014-2013, your payments will consist of 60 monthly payments of $17.29 on each $1,000 borrowed at 1.45% APR. For model years 2012-2010, your payments will consist of 60 monthly payments of $17.60 on each $1,000 borrowed at 2.15% APR. Some restrictions apply. Rates will increase after closing if you stop paying your loan by automatic payroll deduction or direct deposit. Rates subject to change without notice. Competitive rates available for older models and refinances. Membership required. Special low rate promotion ends June 2nd, 2014.